Moreover, the capitalist system of present-day America differs in significant ways from other capitalist systems around the globe, just as it differs from the capitalism that existed in the U.S. at the turn of the 20th century.
Electrician Cost. 1  Although there are still a few low-cost areas where electricians work for $30-$50 an hour, typically they charge $50-$100 an hour or more depending on local rates and their qualifications. There may also be a minimum $50-$150 service charge to come to the house and evaluate the problem. 2  Total cost for hiring an electrician will depend on the type of work done.
Cost breakdown. Labor: this will depend greatly on the amount of work required as well as the skill level of each electrician. Electricians average between $65 and $85 per hour. For 1200 sq.ft. homes, this is estimated to take 2 hours per wiring connection ($130-$170). Upgrade electrical service panel: upgrading a 60 amp panel to a modern standard 200 amp panel ranges between $800-$3000 according to the National Association of Home Builders.